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The following table reports prices and usage quantities for two items in 2009 and 2011. (Round...

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Statistics

The following table reports prices and usage quantities for twoitems in 2009 and 2011. (Round your answers to the nearestinteger.)

QuantityUnit Price ($)
Item2009201120092011
A1,5001,6007.507.45
B21650.001,500.00

(a)Compute price relatives for each item in 2011 using 2009 asthe base period.

ItemPrice Relative
A?
B?

(b) Compute an unweighted aggregate price index for the twoitems in 2011 using 2009 as the base period.

I2011 = ___________.

(c) Compute a weighted aggregate price index for the two itemsusing the Laspeyres method using 2009 as the base period.

I2011 = ___________.

(d) Compute a weighted aggregate price index for the two itemsusing the Paasche method using 2009 as the base period.

I2011 = ____________.

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